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pension fund
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<blockquote data-quote="sihan" data-source="post: 22593740" data-attributes="member: 26159"><p>Put 1.5 million as senior citizens fd and rest normal fd. Reinvest the interest received plus any thing you can save monthly as fds. In 5 years you will have better capital which can put as a fd and get interest as monthly income. Use a compound interest calculator to calculate.</p><p>If you strictly reinvest the interest you will be able to increase the amount considerably.</p><p>Any available pension funds wealth builders can't out perform compounding the fds. </p><p>I mean safe mode of investment. Don't ever think of putting that money in stock market or get rich quick schemes.</p></blockquote><p></p>
[QUOTE="sihan, post: 22593740, member: 26159"] Put 1.5 million as senior citizens fd and rest normal fd. Reinvest the interest received plus any thing you can save monthly as fds. In 5 years you will have better capital which can put as a fd and get interest as monthly income. Use a compound interest calculator to calculate. If you strictly reinvest the interest you will be able to increase the amount considerably. Any available pension funds wealth builders can't out perform compounding the fds. I mean safe mode of investment. Don't ever think of putting that money in stock market or get rich quick schemes. [/QUOTE]
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